Revenues from Services (Tables)

6 Months Ended

Jun. 30, 2012

Financial Services Revenue [Abstract]

Revenues from services

	Three months ended June 30,				Six months ended June 30,
(In millions)	2012		2011		2012		2011
Interest on loans	$	4,762	$	5,017	$	9,620	$	10,157
Equipment leased to others		2,648		2,852		5,395		5,674
Fees		1,160		1,158		2,320		2,304
Investment income		668		728		1,335		1,421
Financing leases		529		618		1,063		1,283
Associated companies(a)(b)		425		526		695		1,608
Premiums earned by insurance activities		416		491		861		972
Real estate investments		382		430		738		832
Other items		442		578		817		1,141
Total	$	11,432	$	12,398	$	22,844	$	25,392

• During the first quarter of 2011, we sold an18.6% equity interest in Garanti Bank and recorded a pre-tax gain of $690 million. As of June 30, 2012, we hold a 1% equity interest, which is classified as an available-for-sale security.
• Aggregate summarized financial information for significant associated companies assuming a 100% ownership interest included total assets at June 30, 2012 and December 31, 2011 of $114,929 million and $104,554 million, respectively. Assets were primarily financing receivables of $59,166 million and $57,477 million at June 30, 2012 and December 31, 2011, respectively. Total liabilities were $80,896 million and $77,208 million, consisted primarily of bank deposits of $22,660 million and $20,980 million at June 30, 2012 and December 31, 2011, respectively, and debt of $45,720 million and $46,170 million at June 30, 2012 and December 31, 2011, respectively. Revenues in the second quarters of 2012 and 2011 totaled $4,719 million and $3,951 million, respectively, and net earnings in the second quarters of 2012 and 2011 totaled $839 million and $628 million, respectively. Revenues for the six months ended June 30, 2012 and 2011 totaled $9,209 million and $7,668 million, respectively, and net earnings for the six months ended June 30, 2012 and 2011 totaled $1,368 and $1,088 million, respectively.